Lumber Prices: Crisis Over? Absolutely Not.
Download MP3In This Episode, We Cover:
- Why recent headlines claiming lumber prices have dropped can be misleading.
- The real meaning behind "lumber prices fall to their lowest level in 2022."
- Why a small dip doesn’t mean the crisis is over — lumber is still double the price from just a few years ago.
- How surging mortgage rates are impacting housing demand — and whether it’s truly a “dent” or a deeper issue.
- A breakdown of the cost difference in mortgage payments between early 2022 and now.
- The impact of rising rates on first-time buyers and entry-level homes.
- Why builders and contractors still can’t rely on current lumber pricing for future projects.
- How lumber price volatility makes it hard to plan for new construction.
- Why prices likely won’t return to pre-pandemic levels (like $400 or $500).
- The long-term market signal: builders and buyers are adapting to near-$1,000 lumber prices.
- Why comparing current interest rates to those from the 1980s-90s helps put things into perspective.
- What homeowners and builders need to know when budgeting for future builds and renovations.
- Ongoing challenges in supply chains — especially for finish materials like cabinets, appliances, and trim.
- Labor shortages: the bigger, often overlooked problem impacting construction timelines and costs.
- Why interest rate hikes hurt buyers more than builders — especially for those trying to leave rental life or move out of their parents’ homes.
- The underlying housing shortage that continues to drive demand — despite rising prices.
- A call to action: builders, contractors, and homeowners — share your feedback, stories, and market insights.
- Thoughts on the “Great Resignation” and how it quietly affects home buyers’ timelines and decision-making.
